Sibanye Gold (NYSE:SBSW) Hits New 1-Year High After Analyst Upgrade

Sibanye Gold Limited (NYSE:SBSW) reached a new 52-week high during trading on Saturday after HSBC upgraded the stock from a hold rating to a buy rating. HSBC now has a $24.80 price target on the stock. Sibanye Gold traded as high as $19.54 and last traded at $19.4560, with a volume of 12226523 shares. The stock had previously closed at $18.15.

Other equities analysts also recently issued research reports about the company. Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.87.

Institutional Trading of Sibanye Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bingham Private Wealth LLC purchased a new position in shares of Sibanye Gold during the fourth quarter worth $169,000. Diversify Advisory Services LLC boosted its stake in shares of Sibanye Gold by 9.0% in the 4th quarter. Diversify Advisory Services LLC now owns 54,300 shares of the company’s stock valued at $774,000 after buying an additional 4,470 shares during the period. Personal CFO Solutions LLC grew its position in shares of Sibanye Gold by 5.6% during the fourth quarter. Personal CFO Solutions LLC now owns 28,546 shares of the company’s stock worth $407,000 after buying an additional 1,517 shares in the last quarter. Signaturefd LLC increased its stake in shares of Sibanye Gold by 27.4% during the fourth quarter. Signaturefd LLC now owns 13,589 shares of the company’s stock worth $194,000 after buying an additional 2,926 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Sibanye Gold in the 4th quarter valued at approximately $29,000. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Gold Trading Up 7.2%

The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53. The business has a fifty day moving average price of $14.31 and a 200 day moving average price of $11.30.

About Sibanye Gold

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum‐group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.